Technical analysis July 4th: BTC, ETH, ADA, BNB, DOGE

The bulls continue to control the situation as the top 10 coins are all in the green.

Source: Coinmarketcap

BTC technical analysis

Bitcoin (BTC) is firm above $ 35,000, up 2.2% in 24 hours.

BTC / USDT daily chart | Source: TradingView

Bitcoin (BTC) is returning to the $ 36.125 resistance area. The sustained surge is accompanied by low trading volume, which means traders are still building strength for the next step.

If the bulls break above $ 36.125 in this instance, the price will likely soon return to the key $ 40,000 level.

Bitcoin is trading at $ 35,455 at press time.

Technical analysis of the ETH

Ethereum is a stronger performer than Bitcoin with a plus of 4.3% last day.

ETH / USDT daily chart | Source: TradingView

Ethereum (ETH) is approaching the resistance area at USD 2,400. If buyers can cross this level, they can easily hit the next resistance at $ 2,950. In another scenario, a false breakout could strengthen the bears’ positions, which could push ETH back towards the USD 1,730 support level.

Ethereum is trading at $ 2,326 at press time.

Technical analysis of the ADA

The Cardano price is almost unchanged since yesterday, increasing 0.92%.

Daily ADA / USDT Chart | Source: TradingView

Although Cardano price stays the same, the bullish scenario is more likely than the bearish scenario. This is confirmed by the fact that the altcoin was firmly above the $ 1.33 level. A small purchase volume could be a requirement for a further rise to the next major level at $ 1.64.

ADA is trading at $ 1.44 at press time.

BNB. Technical analysis

Binance Coin has gained 2.82% since yesterday.

BNB / USDT daily chart | Source: TradingView

Binance Coin is consolidating to move higher as the altcoin has held above $ 300. Currently the bulls are trying to test resistance at $ 340 where the bears could take the initiative again.

BNB is trading at $ 306.35 at press time.

DOGE technical analysisGE

DOGE is tracking ADA’s price movement, as its price has also remained unchanged since yesterday.

Daily DOGE / USDT Chart | Source: TradingView

DOGE is still acting within a narrow range to gain energy for the next step. Currently, the altcoin is near the resistance level of $ 0.2895. If the bulls can break above it, the price is likely to climb to the $ 0.32 resistance area soon.

DOGE is trading at $ 0.2482 at press time.

Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

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